Class A Par Value Test definition

Class A Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class A Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".
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Class A Par Value Test means the test which will apply as of any Measurement Date on and after the Effective Date and which will be satisfied on such Measurement Date if the Class A Par Value Ratio is at least equal to 130.9 per cent.
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Class A Par Value Test. A test satisfied as of the Effective Date and any subsequent Measurement Date if the Class A Par Value Ratio is equal to or greater than 164.44%.
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Examples of Class A Par Value Test in a sentence

  • Class A Coverage Tests means the Class A Interest Coverage Test and the Class A Par Value Test.

  • Class A Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class A Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

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  • Par Value Ratio means the Class A Par Value Ratio, the Class B Par Value Ratio, the Class C Par Value Ratio, the Class D Par Value Ratio or the Class E Par Value Ratio (as applicable).Par Value Test means the Class A Par Value Test, the Class B Par Value Test, the Class C Par Value Test, the Class D Par Value Test or the Class E Par Value Test (as applicable).

  • See “Risk Factors – Securities Lending” and “The Portfolio – Securities Lending”.Class A Coverage Tests: The Class A Coverage Tests comprise the Class A InterestCoverage Test and the Class A Par Value Test.

  • Such amount has been included in the Class A Par Value Test for the April 2009 Payment Date being the interest period for which it was received (following advice received from leading counsel).• On 28 April 2009, a written resolution from the Controlling Class provided instruction to create a reserve (the “ DG Reserve Amount”) of (€15,000,000) to be held on the Issuer’s accounts.

  • During the Initial Investment Period, the Issuer, or the Investment Manager on its behalf, will seek to acquire additional Collateral Debt Obligations in order to satisfy each of the Class A Par Value Test, Portfolio Profile Tests and Collateral Quality Tests corresponding to the applicable Collateral Quality Test Set selected by the Investment Manager, acting on behalf of the Issuer, requirement as at the Effective Date.


More Definitions of Class A Par Value Test

Class A Par Value Test means the test which will apply as of any Determination Date on and after the Effective Date and which will be satisfied on such Determination Date if the Class A Par Value Ratio is at least equal to 131.34 per cent.
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Class A Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class A Par Value Ratio is at least equal to 120.8 per cent.
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Class A Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class A Par Value Ratio is at least equal to the percentage specified as applicable to such test in the Leverage Scenario Grid applicable as at such Measurement Date.
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Class A Par Value Test means the test which will be satisfied as of any Measurement Date falling on or after the Effective Date, if the Class A Par Value Ratio is at least equal to the percentage specified for such ratio in the definition of “Coverage Tests”.
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Related to Class A Par Value Test

  • Class C Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • Class D Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • Class C Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class C Interest Coverage Ratio is at least equal to 110.0 per cent.

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Class C Par Value Ratio means, as of any Measurement Date on and after the Effective Date, the ratio (expressed as a percentage) obtained by dividing (a) the amount equal to the Adjusted Collateral Principal Amount by (b) the sum of the Principal Amount Outstanding of each of the Class A Notes, the Class B Notes and the Class C Notes.

  • Class D Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class D Interest Coverage Ratio is at least equal to 105.0 per cent.

  • Class D Par Value Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the amount equal to the Aggregate Collateral Balance less the Par Value Test Excess Adjustment Amount by (b) the sum of the Principal Amount Outstanding of each of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any day if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.5%

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.

  • Class C Component The Component having such designation.

  • Class C Required Amount means with respect to any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(v) over Available Finance Charge Collections applied to pay such amount pursuant to Section 4.4(a).

  • RDDS test Means one query sent to a particular “IP address” of one of the servers of one of the RDDS services. Queries shall be about existing objects in the Registry System and the responses must contain the corresponding information otherwise the query will be considered unanswered. Queries with an RTT 5 times higher than the corresponding SLR will be considered as unanswered. The possible results to an RDDS test are: a number in milliseconds corresponding to the RTT or undefined/unanswered.

  • First Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(D).

  • SPS AER Value means the Underlying Reference Value.

  • Class A-1 Component The Component having such designation.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Class A-2 Component The Component having such designation.

  • Second Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(E).

  • LCA Test Date has the meaning assigned to such term in Section 1.06.